BEIJING, Dec. 3 (Xinhua) -- National Internet Finance Association of China (NIFA) reported last Thursday that 100 member online lending firms had disclosed their operating data for September 2018 on the National Internet Finance Registration and Disclosure Service Platform.
The data showed that loan balance of the 100 registered institutions reached 637.6 billion yuan and transaction volume totaled 4.036 trillion yuan by the end of September, involving 37.6 million lenders and 96.85 million borrowers.
The NIFA also reported 122 institutions had access to the registration and disclosure service platform as the end of October, 36 more than the end of September; the cumulative registration contract was 147.41 million, up 41.45 million from the end of September; the amount involved was 164.7 billion yuan, an increase of 31.03 percent from the previous month; involving 7 million borrower, growing 2.81 million from the end of September.
The association said that it will continue to optimize the function of the platform to create a fair and open information disclosure environment for the industry, help financial consumers to understand the situation of online lending institutions objectively and rationally, and effectively protect the interests of financial consumers.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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